Jan. 31, 2011 (Filing Services Canada) -- Alexander Nubia International Inc. (AAN - TSX Venture), is pleased to announce that it has commenced an initial 7,500 meter diamond drilling program on the Abu Marawat property in the Abu Marawat concession, one of two concessions held by the Company in Egypt.
Highlights of the drill program:
* Using 2 diamond drill rigs, the program will build upon 19,500 meters of historical drilling and a non NI 43-101 compliant historical resource of 131,000 ounces of gold;
o Drill entrenched samples in the historical resource are mainly in the ranges from 4-8 g/t of gold, .5%-1.0% copper, 1.6%-3.1% zinc, and up to 115 g/t of silver, with scattered much higher values in each of the elements;
* The drilling program will explore regions all along strike and down-dip of the principal vein structures outlined in the historical resource, with a focus on testing mineralization below the zone of oxidization. The vein zones contain disseminated to semi-massive copper and zinc sulphides and are enriched in gold and silver; and
* The program will also evaluate a 1,500 meter long anomaly containing strong siliceous alteration in the core of a large hydrothermal system within felsic volcanic rocks. This is coincident with a broad 1,200 meter long strong conductivity anomaly parallel and adjacent to the principal vein structures. It also underlines several exposed vein structures. About half of the anomaly is covered by the alluvial gravel.
The initial drilling will twin some of the holes drilled in 1988 and 1989 by a prior operator, Minex, followed by testing the down-dip extension of the mineralization. Step-out drilling will evaluate the potential size of each structure, and will form the basis of a NI 43-101 compliant inferred mineral resource. Of the planned 25 drill hole program, half of the holes will test the down-dip extension and the remainder will test the geophysical anomaly.
About Alexander Nubia International Inc.
Alexander Nubia is a mineral exploration company whose mission is to implement the technical expertise of developed mineral-exploration jurisdictions, such as that of Canada, in resource-rich Africa. Initially, Alexander Nubia has established Egypt as its platform country, focusing on the under-developed Eastern Desert, where historical mining of gold and copper dates back to Pharaonic times. Alexander Nubia presently controls the Abu Marawat concession in Egypt. The Abu Marawat concession, covering an area of approximately 1,370 km2 contains the main Abu Marawat, Semna, Hamama VMS Property and other gold and base-metal exploration targets. The concession is located in Egypt's Eastern Desert as part of the Nubian Shield.
For more information on Alexander Nubia please visit our web site at www.alexandernubia.com or contact:
A. Alexander Massoud
President & Chief Executive Officer
Egypt: +2 (0) 22 287 6914
Canada: +1 (877) 607-4747
Email: amassoud@alexandernubia.com
Donald M. Cameron, CA
Chief Financial Officer
Canada: +1 (877) 607-4747
Email: dcameron@alexandernubia.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
The securities of Alexander Nubia International Inc. described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Source: Alexander Nubia International Inc. (TSXV AAN) www.alexandernubia.com
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